The proper term for this is neglect of probability…

The proper term for this is neglect of probability, and it leads to errors in decision making. We invest in start-ups because the potential profit makes dollar signs flash before our eyes, but we forget (or are too lazy) to investigate the slim chances of new businesses actually achieving such growth.

— from The Flight Plan (Purpose/Wisdom/Risk) · Art of Thinking Clearly by Rolf Dobelli

Also belongs to

• Expanding Your Range (Growth/Change/Education/Learning/Habit)
• Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)
• Failure & Resilience (Challenge/Failure/Perseverance/Accountability/Flexibility/Resilience)

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